Laxmi India Finance was incorporated under the provisions of the Companies Act, 1956 as ‘Laxmi India Finleasecap Private Limited’ pursuant to a certificate of incorporation dated May 10, 1996, issued by Registrar of Companies, Delhi and Haryana. Thereafter, the name of the company was changed to Laxmi India Finance Private Limited to align it with its business activities pursuant to a resolution passed by its Shareholders dated January 25, 2023 and a fresh certificate of incorporation was issued by the RoC on March 10, 2023. Consequently, the company was converted into a public limited company and the name of the company was changed to ‘Laxmi India Finance Limited’ pursuant to a special resolution passed by its Shareholders dated August 9, 2024 and a fresh certificate of incorporation issued by the RoC on October 08, 2024.
The company is a non-deposit taking non-banking financial company (NBFC) focused on serving the financial needs of underserved customers in India’s lending market. Its operational network spans across various locations in rural, semi-urban and urban areas in the states of Rajasthan, Gujarat, Madhya Pradesh, Chhattisgarh and Uttar Pradesh. Its product portfolio includes MSME loans, vehicle loans, construction loans and other lending products catering to the diverse financial needs of its customers.
As a tech-driven NBFC, the company has integrated technology throughout its operations to boost efficiency and customer experience. Its digital ecosystem covers onboarding, underwriting, loan fulfilment, collections, and servicing. This integration allows the company to efficiently manage its distribution and collections network, delivering a customized customer experience through a digitally enabled journey. The company has digitized the loan origin and disbursal process using its loan origination software (LOS) and loan management system (LMS), resulting in faster disbursal times and enhanced fraud protection. Additionally, its customer relationship management (CRM) software enhances customer engagement and retention. To enhance customer onboarding, its sales team utilizes a mobile application, enabling instant information capture at customer locations, real-time query resolution, guided loan application process and reduced paperwork. This mobility accelerates onboarding, allowing for quicker approvals and a seamless experience for clients. Its IT infrastructure facilitates swift disbursal ensuring timely access to capital to its customers.
Business area of the company:
The company is a non-deposit taking non-banking financial company categorized as a ‘NBFC-Middle Layer’ primarily operating in Micro, Small and Medium Enterprises (MSME) financing vertical and vehicle financing vertical. The company offers MSME loans, vehicle loans, construction loans and other lending products to cater to the financial needs of its customers.
Products of the company:
- MSME Loan
- Vehicle Loan
- Business Loan
- Personal Loan
- Construction Loan
Awards, accreditations, and recognition:
- 2024: Featured as ‘Company of the Year’ in Finance Outlook India Magazine, December Edition
- 2025: Recognized as ‘Great Place to Work’ in the Mid-Size Organizations by Great Place to Work Institute, India from February 2025 to February 2026
History and milestones:
- 1996: Incorporation of the company as ‘Laxmi India Finleasecap Private Limited’
- 2001: Received license to operate as an NBFC from the RBI
- 2010: Acquisition of control of the company by the current Promoters
- 2011: Launched MSME loan product
- 2017: Crossed the AUM of Rs 1,000 million
- 2017: Launched construction loan product 2018 Designated as NBFC - Investment and Credit company
- 2019: Opened its first branch in Gujarat
- 2020: Its customer base crossed 10,000
- 2020: Opened its first branch in Madhya Pradesh
- 2021: Designated as a NBFC-ND-SI by the RBI
- 2022: Crossed 100 branches 2023 crossed the AUM of Rs 5,000 million
- 2024: Crossed the AUM of Rs 10,000 million
- 2024: Categorized as NBFC-Middle Layer
- 2024: Its customer base crossed 25,000
- 2025: Opened its first branch in Uttar Pradesh